Up-to-the-minute advice, information, resources, and, on occasion, commentary on federal and New Jersey state income taxes, and the various New Jersey property tax rebate programs, and insights and observations on tax policy and professional tax practice, by 40-year veteran tax professional Robert D Flach.

Saturday, June 18, 2011

WHAT’S THE BUZZ? TELL ME WHAT’S A HAPPENNIN’

* I learned from a post by Joe Kristan at the ROTH AND COMPANY TAX UPDATE BLOG that Dan Meyer was back blogging about taxes and accounting at TICK MARKS – which has nothing to do with lyme disease (gee, I haven’t said that in a long time). Welcome back Dan!

“If the deduction is improper, you don't get a permanent private exception for it just because the IRS missed it before.”

* And speaking of the test, I agree with Trish McIntire of OUR TAXING TIMES that the survey for tax preparers from Prometric, the company that will be writing and administering the competency test, is a “Stupid Survey” (see my comment).

* Trish continues her ongoing comprehensive series of posts on tax issues for taxpayers considering starting a business, taking time out now and then for commentary on happenings relating to the tax preparation industry (like the post referenced above).

A good “must read” entry in the series is “Payroll Money”, in which she warns about what could be a very expensive problem for the new business owner – trust-fund mismanagement.

Maybe not. Most of us are suffering from information overload. Many of us have to make a conscious effort to unplug, relax, and avoid the Three Ps (pundits, politicians, and partisan rhetoric). All of us have better things to do, when push comes to shove.

For me, however, now is the time to take the plunge and launch Tax Didactic. If you have stumbled across my blog, I hope you learn something new or take a look at something old from a new perspective.”

Welcome, Knox, and thanks for including TWTP in your blogroll.

As an aside - one benefit from the title Wandering Tax Pro is that it is often last when in an alphabetical list. As many a vaudevillian would have told you – if you can’t get top billing being last is the next best thing.

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(1) Before contacting me with questions about how a blog post relates to your specific situation, please be aware that I do not give free tax advice to non-clients by e-mail, comment response, or phone. So don't waste your time and mine.

(2) I am winding down my tax practice, and I will not, under any circumstances, accept any new clients. Period. I am actually trying to "thin the herd".